First West Credit Union
First West Credit Union (First West) is British Columbia’s third largest credit union with nearly $16.9 billion in total assets and assets under administration and more than 250,000 members. Its core business is traditional banking, the provision of personal and business daily banking services. First West has the largest geographic reach of any credit union in the province with 45 branches throughout B.C. The credit union is headquartered in the Vancouver suburb of Langley and has regional administration centres in Duncan on Vancouver Island and in Penticton in B.C.’s Southern Interior.
| Company type | Credit Union |
|---|---|
| Industry | Financial services |
| Founded | Delta Credit Union: 1946 First Heritage Savings: 1954 Merged as Envision Financial 2001 Envision Financial and Valley First Credit Union (1947) merged as First West Credit Union 2010 |
| Headquarters | , Canada |
Key people | Launi Skinner, CEO |
| Revenue | $335.4 million CAD (2021) |
| $66.9 million CAD (2021) | |
| Total assets | $16.9 billion CAD (2021) |
Number of employees | 1,275 (2021) |
| Website | firstwestcu.ca |
Led by Chief Executive Officer Launi Skinner, First West has several subsidiary lines of business that include FWCU Capital Corp. and FW Wealth Management Ltd.
First West operates 46 business locations under the following four divisions:
- Envision Financial: Lower Mainland, Fraser Valley, Kitimat.
- Valley First: Southern interior including the Okanagan and Kamloops.
- Island Savings on Vancouver Island and the southern Gulf Island of Saltspring Island.
- Enderby & District Financial: North Okanagan communities
First West also operates wealth management and junior capital lines of business.